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Andrei Cîrchelan

Fields
Capital Market, Energy, Real Estate
Writing for ZF since
2011
Articles
1.882
Real Estate

BelRom Borrows EUR9.5M From BRD For NE Romania Retail Park

Belgian group BelRom secured a EUR9.5 million loan from BRD-Groupe Societe Generale (BRD.RO), to fund a retail park in northeastern Romanian town Botosani.

Andrei Cîrchelan · 17.08.2011 · 16:42 · 1 min
Delhaize Negotiates G’market Takeover From Anchor Group - Sources
Retail&Consumer

Delhaize Negotiates G’market Takeover From Anchor Group - Sources

Belgian group Delhaize, which operates the Mega Image retail chain in Romania, is in advanced negotiations to take over the four G’market stores held locally by Turkish Anchor Group, people...

Andrei Cîrchelan · 17.08.2011 · 15:55 · 1 min
Real Estate

CBRE: Bucharest Office Pre-Letting Makes Second Quarter Comeback

The pre-let office areas in Bucharest rose 118% year-on-year in the second quarter, after a long interval with no contracts, according to a study published Wednesday by realty consultants CB...

Andrei Cîrchelan · 17.08.2011 · 13:34 · 1 min
Capital Market

Fondul Proprietatea Buys Back 0.1% Stake For RON6.1M

Investment fund Fondul Proprietatea (FP.RO) bought back 0.1% of its shares last week, for 6.1 million lei (some EUR1.4 million), leaving fund manager Franklin Templeton with just RON11.35 mi...

Andrei Cîrchelan · 16.08.2011 · 19:57 · 1 min
Capital Market

Samus Mex 1H Loss Narrows To RON2.8M, From RON3.9M

Furniture maker Samus Mex (SAMU.RO) posted a loss of 2.8 million lei (EUR655,645) in the first half of the year, compared to a loss of RON3.9 million in the same interval of 2010.

Andrei Cîrchelan · 16.08.2011 · 19:00 · 1 min
Banks-Insurance

ATE Bank Romania Plans RON84M Share Capital Hike, To RON221M

ATE Bank Romania on Tuesday said it plans a share capital increase of 84.4 million lei (EUR20 million), to RON221 million, which will be subscribed entirely by Greek parent group ATE Bank if...

Andrei Cîrchelan · 16.08.2011 · 18:29 · 1 min
Capital Market

Atelierele CFR Sees 30% Drop In First Half Profit, To RON2.64M

Rolling stock maker Atelierele CFR Grivita (ATRD.RO) reported a 30% decline in its first half profit, to 2.64 million lei (EUR), from RON3.76 million.

Andrei Cîrchelan · 16.08.2011 · 18:21 · 1 min
Capital Market

Mechel Campia Turzii First Half Loss Shrinks To RON25.3M

Steel processor Mechel Campia Turzii (INSI.RO) reported a net loss of 25.3 million lei (EUR5.92 million) in the first six months of the year, compared to a loss of RON58.3 million in the sam...

Andrei Cîrchelan · 16.08.2011 · 18:19 · 1 min
Capital Market

Leu Gains Inches Vs Euro, On Low Volumes

The Romanian leu closed slightly stronger against the European currency Tuesday, on euro buy orders placed for corporate clients, in a quiet market.

Andrei Cîrchelan · 16.08.2011 · 18:15 · 1 min
Capital Market

Bucharest Shares Close Flat, On Lackluster Trading

The Bucharest bourse closed undecided Tuesday, with blue-chips edging higher, while the general index ended down 0.4%, under the influence of international markets' decreases.

Andrei Cîrchelan · 16.08.2011 · 17:34 · 1 min
Militari Shopping Center Rental Revenue Drops 1.2% In 1H, To EUR3.29M
Real Estate

Militari Shopping Center Rental Revenue Drops 1.2% In 1H, To EUR3.29M

Property company Atrium European Real Estate on Tuesday reported a 1.2% decline, to EUR3.29 million, in its revenue from renting Bucharest’s Militari Shopping Center in the first half.

Andrei Cîrchelan · 16.08.2011 · 16:05 · 1 min
CEZ Profits Lifted By Turning On Fantanele Wind Farm
Energy

CEZ Profits Lifted By Turning On Fantanele Wind Farm

The energy production and trading division of Czech group CEZ reported earnings before interest, tax, depreciation and amortization (EBITDA) of EUR24.6 million for the first half of this yea...

Andrei Cîrchelan · 16.08.2011 · 16:03 · 1 min